GSR III Acquisition Corp. (NASDAQ:GSRTU) announced the pricing of its $200 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “GSRTU”, Thursday, November 7, 2024.
The new SPAC intends to mount a broad search for a target company without limitations on a particular industry, sector or geographic region.
GSR III is led by Co-Chief Executive Officer Gus Garcia and Co-Chief Executive Officer Lewis Silberman, alongside President and Chief Financial Officer Anantha Ramamurti and Chief Business Development Officer Yuya Orime. Its Board is to be made up of Jonathan Cole, Susie Kuan and Jody Sitkoski.
Total SPAC deal count for 2024 year-to-date is now 44. This offering is expected to close on Friday, November 8, 2024.
SPAC Advisory Partners LLC (“SAP”), a division of Kingswood Capital Partners LLC, is acting as the sole underwriter for the initial public offering. Latham & Watkins LLP is serving as Issuer’s Counsel with Winston & Strawn LLP serving as Underwriter’s Counsel. Grant Thornton, LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.
At the SPAC of Dawn The sudden flurry of SPAC deal activity continued past the closing bell yesterday as one more definitive agreement and a “a mutual indication of interest” were each announced, bringing 2025’s tally to five new business combinations. There had not been a day with more than one business combination announced at...
Drugs Made in America Acquisition Corp. (NASDAQ:DMAAU) announced the pricing of its $200 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “DMAAU”, Tuesday, January 28, 2025. The new SPAC intends to combined with a target company in the pharmaceutical industry that has products derived from plant-based raw...
Black Spade II (NASDAQ:BSII) has entered into a definitive agreement to combine with World Media and Entertainment Universal at an equity value of $488 million. World Media is a bundle of assets including fashion publications and hotel properties held by AMTD Group and its subsidiaries. The combined company is expected to trade on a US...
Israel Acquisitions (NASDAQ:ISRL) has entered into a definitive agreement to combine with delivery drone developer Gadfin at an equity value of up to $200 million. Rehovot, Israel-based Gadfin has developed a line of cargo drones designed for medical and industrial applications. The combined company is expected to trade on the Nasdaq once the deal is...
Embrace Change (NASDAQ:EMCG) has entered into a definitive agreement to combine with tire manufacturer Tianji Global at a $450 million equity valuation. Jiaozuo, China-based Tianji manufactures vehicle tires that are distributed through about 200 sales outlets. The combined company is expected to trade on the Nasdaq once the deal is completed by mid-2025. Transaction Overview...